Well this is a surprise…Honest reporting from the People Paradise: NYT
From the coast, we started inland, a journey that began with the discovery of black gold. Not of oil, of which there is plenty in Venezuela, but of black beans. There are almost none in this country.
Few producers make them anymore for the fixed government price. Octavio Medina bought them for 50 times that price and still sold them for an additional markup on the street. He says dozens of people buy bags, priced at half a day’s work at minimum wage.
Socialism based on an oil economy…Hmmm. With our boy Justin at the helm I am thinking beans might be a good investment this summer.